30
Sep
13:58
Chinese rebar picks up, outlook stabilises
The Chinese rebar market rebounded strongly before the long October holiday, and the strong futures market drove up spot prices, Kallanish notes.
In Shanghai on Thursday afternoon, 20mm HRB400 rebar was trading at CNY 5,800-5,820/tonne ($897-900/t), up CNY 150/t from last Friday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed CNY 49/t higher than Wednesday at CNY 5,706/t, and CNY 238/t higher than t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous